House Republicans released a blueprint for repealing the ACA that includes a new tax refundable tax credit for individuals to purchase insurance and a cap on the exclusion for employer-provided health care.

House Republicans released a task force report last week that recommended repealing the Affordable Care Act and replacing it with a refundable tax credit to assist individuals in buying insurance on the open market.

In Massachusetts Mutual Life Insurance Co. v. U.S, 2015 U.S. App. LEXIS 57 (Fed. Cir. 2015), the U.S. Court of Appeals for the Federal Court affirmed the deductibility of policyholder dividends under the recurring item exception.